When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MEGEF - Energy Stocks Remain A Buy Despite Strong Performances In The Last Month
Meg Energy Corp
Welcome to the valuation edition of Oil Markets Daily!
It's very difficult to buy something that keeps going up, but a broader perspective is needed in light of the strong recent performance.
Take Cenovus Energy (CVE) for example, it has returned 187% since we bought it in March, but despite these gains, it is still down ~50% from where it was last year.
And in our mind, the recent price performance is simply correcting a material narrative shift since March.
Rewinding back to March, Saudi had just declared an oil price war following a botched